renminbi

[ren-min-bee]

noun

plural

renminbi 

1. the currency of the People's Republic of China, the basic unit of which is the yuan.

renminbi

/ ˌrɛnˌmɪnˈbiː /

noun

1. another name for the Chinese yuan

Word History and Origins

Origin of renminbi¹

1955–60; < Chinese rénmínbi, equivalent to rénmín people + bì currency

Word History and Origins

Origin of renminbi¹

Chinese renmin people + bi currency

Example Sentences

Gold, the euro, and yuan, or renminbi, are clear beneficiaries of the trend, Aziz wrote.

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That means erosion of both China’s gold position and the renminbi once devaluation begins.

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A steadier renminbi versus the dollar might also be a clue that the central bank feels less need to hedge with gold.

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A stronger yen or renminbi could also hit gold prices—stronger currencies wouldn’t push Asian savers into the safety of gold—but there’s little sign of that in either currency.

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The Hong Kong dollar is pegged to the U.S. dollar and convertible with it—China’s renminbi isn’t.

Read more on The Wall Street Journal